1. Russain Currency Crash In August 1997
... , and the end of the Cold War, the West was eager to support Russia and all of the former Eastern Block countries in the transition to Capitalism and democracy. In the article "Money can't buy me love" in The Economist, Washington based Russia-watcher David Satter, states that the West had a dream of "a strong, friendly Russian government shouldering its shares of the world's ... opportunity for America. In time, as they develop a more workable financial system, a stable tax base and tax revenue stream, Western interest should return. The isolation alternative will only serve to further...
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